FOREIGN SALES CORPORATION (FSC)


Meaning of FOREIGN SALES CORPORATION (FSC) in English

A legal entity created to export U.S. manufactured goods to a foreign country. If a FSC meets the qualifications for FSC status- a portion of its income is exempt from current U.S. taxation. There are two types of FSC structures: Commission FSCs and Ownership FSCs.

Finance-Leasing English vocabulary.      Английский словарь финансов и лизинга.